Signal Advisors Wealth LLC Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Signal Advisors Wealth LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,638 shares of the apparel and home fashions retailer’s stock after selling 273 shares during the quarter. Signal Advisors Wealth LLC’s holdings in TJX Companies were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Norges Bank purchased a new position in shares of TJX Companies in the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. purchased a new position in shares of TJX Companies in the 4th quarter worth about $570,342,000. GAMMA Investing LLC boosted its holdings in shares of TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock worth $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.9%

Shares of NYSE:TJX opened at $128.55 on Friday. The TJX Companies, Inc. has a 52-week low of $106.18 and a 52-week high of $135.85. The firm has a market capitalization of $143.60 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The stock has a 50 day moving average price of $127.63 and a 200-day moving average price of $124.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Finally, UBS Group restated a “buy” rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.53.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.